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20121226
20121226
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strike that could set down more than a dozen along the east coast. law americas say if workers strike it would end up costing billions of dollars and hundreds of thousands of jobs. that strike could begin as early as sunday after current union contracts expire. more than 14,000 workers that handle 95 percent of the cargo on the east coast are expect to do walk off the job. >> fan me m-- fannie mae and freddie make are taking on high risk loans. the government backed mortgage companies would be allowed to charge higher interest rates in return to guaranteeing loans at risk of defaulting. the proposal would have to be approved congress. >>> president obama is spending christmas with some of the nation's bravest men and women. greeting marines at a gays near their vacation home in hawaii paying tribute to them and their family. an annual vacation tradition for president obama. that is your 5@5:00. >>> speaking of the president. fox news confirming he will be cutting his vacation short to get back to work on the fiscal cliff. peter doocy has more. >> president obama will departed hawaii f
of these people trying to leave the in-laws house. >> rick: we learned the other day that gretchen loves her in-laws. >> gretchen: exactly, because there was a study and the mother-in-law takes the hit. >> rick: there must be a few people who say i can only handle three days of her. i can't go home -- >> gretchen: are you going to help them out. >> rick: you might have to spend four or five days there, get ready. find some way tie a break. there will be really big storms. >> gretchen: let's talk about this morning with an extreme weather alert. deadly storm system that slammed the midwest, snow and tornadoes heading northeast this morning. >> oh, my god, look. that's a tornado. oh, wow. oh, jesus, look at that tornado. >> gretchen: so that tornado spotted in mobile, alabama. am i saying that correctly? >> rick: yeah. mobile. >> gretchen: okay, good. one of the hardest hit cities, tens of thousands of people there waking up the day after christmas now without power. >> when it calmed down, we looked and everything seemed green, like it was popping off transformers left and right. we heard a noise. i
the president needs to do. there is nothing he has to sign. as a matter of law the law changes in january and taxes go up. president doesn't have to do anything. he can sit back and as taxes go up on everybody including that 1% that he has been after, nothing has been done on spending. sequestration could be rolled back with retro activity where the president thinks he is better shape on spending in january. patti ann: alan? >> you forget the president offered boehner a deal to keep taxes keep the bush tax rate on 98% of the americans. keep those tax rates where they are. not raise taxes and boehner rejected that. he had opportunity -- excuse me, i'm still talking. he has opportunity now to do exactly what the republicans say they want and boehner rejects it. >> it is beyond revenue. it is about spending. that is our problem. >> you can stop going over cliff first of the year. >> what about spending that got us in bind we're in? none of the revenue that will be generated will make a dent in our spending especially the 6 trillion the president has --. patti ann: brad, democrats are arguing
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